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Newspaper
Scottsdale Progress
Location
Scottsdale, Arizona, United States of America
Date
Feb 19, 1976
Page
5
Old Town and Fifth Avenue merchants Dick Saba and Muriel Leschetsko study the new shuttle schedule. The free bus, funded by merchants, runs three times daily Wednesday to Saturday from the Inn at Mc Cormick Ranch to Brown and Main Streets.
NYSE report shows key 2 pm quotes with Dow Jones, Indus averages and sector leaders. Lists major names and price moves across industries, utilities, and transport with notable gains and losses.
Commodity prices show mixed moves from gold to grains and livestock with changes ranging from small gains to slight declines. Notable figures include London gold at 130.74, copper at 57.4 cents, live cattle 39.10, pork bellies 67.50, eggs 52.2 cents, and cotton 60.97 cents per pound. Market not closed on the listed items.
Old Town and Fifth Avenue merchants launched a free shuttle service five days a week from The Inn at McCormick Ranch to Trader Vic's with stops at major hotels. The Scottsdale Chamber of Commerce backs the venture, covering costs. Three daily runs run 11 a.m., 12:30 p.m., and 2 p.m. lasting an hour, with return trips ending by 4:05 p.m.
Mexico trims inflation after a 16.3 percent rise in 1975, but at a cost of recession and rising unemployment. The Echeverria government used tax hikes and price increases to curb inflation, while banks faced tighter reserves, limiting lending for business and consumer purchases. GDP growth slowed to about 3.5 to 4.5 percent, far below prior highs.
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